This well-established Concrete Contractor services commercial and industrial clients in the New Jersey and New York metro region. The company has experienced significant revenue performance for many years and enjoys increasing net operating margins with documented profitability. In 2019, the company substantially revamped its sales structure, eliminating low margin accounts and solely focusing on high profitable customers. Accordingly, sales were cut significantly, while maintaining total margins through the process.
The company has been fully reviewed and conservatively appraised by an accredited national valuation firm at 3.5x EBITDA (ttm). A full valuation report by an accredited national valuation firm is included in the prospectus. There is $100k in debt to be assumed and the deal includes $625k in fixed assets plus $150k in net working capital. The business is pre-qualified by an SBA lender subject to buyer’s financials, and by implementing the proposed deal structure an owner- operator will obtain over $230,000 benefit in after-acquisition-debt cash flow in Year #1.
(ALL DATA BASED ON SIGNED TAX RETURNS)